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Jio Platforms Partners Polygon Labs to Bring Web3 Capabilities to Existing Apps, Services
With Polygon, Jio aims to explore the possibilities of Web3 and offer an enhanced digital experience to the users, Kiran Thomas, the CEO of JPL has said in an official statement that confirms the development.
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Maha Kumbh Mela 2025: Chaincode, Okto to Issue Polygon-Powered NFT Tickets to Tent City Visitors
This NFT initiative is aimed at adding a Web3 element to an otherwise ancient, traditional practice. The step will enable people to get an NFT version of their tickets to the Tent City, that has been set up in Prayagraj to accommodate tourists.
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Mudrex Halts Crypto Withdrawals Till January 28 Amid Efforts to Automate User Verification System
Mudrex informed users about halting crypto withdrawals through official emails over the weekend. The development stirred concerns amid the user base of Mudrex about the safety of their crypto deposits. The platform, however, has stated that all of its user funds are secure during this ongoing process.
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Dark Web, Cryptocurrency, Drones Continue to Pose Challenge: Amit Shah
Union Home Minister Amit Shah believes that dark web, cryptocurrency, online marketplace and drones are areas that are becoming the focus of attention for law enforcement agencies in India.
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Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA) introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
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CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
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KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
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India’s Need for Pro-Crypto Banking, Roadmap for Base: Interview with Coinbase’s Jessse Pollak
Jesse Pollak, a senior Coinbase official, praises Indian developers in the crypto, DeFi, and blockchain space, calling them highly 'sophisticated' in their understanding and innovation within distributed ledger technology (DLT).
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How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
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WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
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Ripple Debuts RLUSD Stablecoin with Former RBI Chief Raghuram Rajan on Advisory Board
This week, Ripple launched its RLUSD stablecoin, pegged 1:1 to the US dollar. Advisory board member and former RBI governor Raghuram Rajan noted that stablecoins could soon play a key role in private payment systems.
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Delhi, Bengaluru Led Crypto Adoption in India in 2024, Memecoins Garnered Attention: CoinSwitch
CoinSwitch’s report reveals that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity in India. Additionally, it highlights that 75 percent of India’s crypto investors are under 35 years old.
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Vishvasya Blockchain Stack Being Used to Verify Apps, Property Transactions: MoS IT
Jitin Prasada, the minister of state (MoS) for electronics and information technology (MeitY) has told the Rajya Sabha that states like Jharkhand and Karnataka were using the Vishvasya blockchain stack. Verification of property transactions and the origin of mobile apps are among areas where the stack is being used.
-
Jio Platforms Partners Polygon Labs to Bring Web3 Capabilities to Existing Apps, Services
With Polygon, Jio aims to explore the possibilities of Web3 and offer an enhanced digital experience to the users, Kiran Thomas, the CEO of JPL has said in an official statement that confirms the development.
-
Maha Kumbh Mela 2025: Chaincode, Okto to Issue Polygon-Powered NFT Tickets to Tent City Visitors
This NFT initiative is aimed at adding a Web3 element to an otherwise ancient, traditional practice. The step will enable people to get an NFT version of their tickets to the Tent City, that has been set up in Prayagraj to accommodate tourists.
-
Mudrex Halts Crypto Withdrawals Till January 28 Amid Efforts to Automate User Verification System
Mudrex informed users about halting crypto withdrawals through official emails over the weekend. The development stirred concerns amid the user base of Mudrex about the safety of their crypto deposits. The platform, however, has stated that all of its user funds are secure during this ongoing process.
-
Dark Web, Cryptocurrency, Drones Continue to Pose Challenge: Amit Shah
Union Home Minister Amit Shah believes that dark web, cryptocurrency, online marketplace and drones are areas that are becoming the focus of attention for law enforcement agencies in India.
-
Explained: BWA’s ‘Cybersecurity and Fair-Trading Guidelines’ for VASPs in India
This week, the Bharat Web3 Association (BWA) introduced two comprehensive guidelines aimed at providing clear direction to industry participants on ensuring secure and equitable service delivery for customers. These guidelines primarily target Virtual Asset Service Providers (VASPs).
-
CoinSwitch Announces Rewards-Backed Initiative for WazirX Users to Recover Around Rs. 600 Crore
CoinSwitch has announced a recovery programme for distressed WazirX users. The plan is estimated to help WazirX users recover at least Rs. 600 crore over a period of two years. Meanwhile, WazirX is preparing to present its restructuring plan in a Singapore court on January 22, after which it plans to extend the proposal to its creditors.
-
KuCoin Launches New Pay Feature That Enables UPI-Like Payments via QR Codes
KuCoin has unveiled KuCoin Pay, a new payment solution enabling merchants and businesses to accept cryptocurrency for goods and services. Once integrated into their payment systems, merchants receive a unique QR code that customers can scan to complete transactions using crypto.
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
MBBS Student Held Over Alleged Transfer of Rs. 8 Lakh in Crypto to Chinese Nationals After Cyber Fraud
Deputy Commissioner of Police (DCP) Rajesh Kumar Tripathi said the accused, identified as Vikram Vishnoi (23), was arrested based on the clues found in the case of cheating a city-based software engineer of Rs 1.35 lakh by placing him under "digital arrest".
-
India’s Need for Pro-Crypto Banking, Roadmap for Base: Interview with Coinbase’s Jessse Pollak
Jesse Pollak, a senior Coinbase official, praises Indian developers in the crypto, DeFi, and blockchain space, calling them highly 'sophisticated' in their understanding and innovation within distributed ledger technology (DLT).
-
How Delhi-Noida Gang Cheated Elderly US, Canada Citizens Of Rs 260 Crore
The CBI has unearthed a cryptocurrency scam, in which three individuals collected Bitcoins worth Rs 260 crore through fraudulent means from senior citizens in the US and Canada, the federal agency said.
-
WazirX Restructuring Plan Heads to Court in January; Risk of Liquidation If Rejected
Zettai stated that it is awaiting Singapore Court approval to present its restructuring plan to creditors. It added that if the plan is not approved, WazirX’s only remaining option would be liquidation.
-
Ripple Debuts RLUSD Stablecoin with Former RBI Chief Raghuram Rajan on Advisory Board
This week, Ripple launched its RLUSD stablecoin, pegged 1:1 to the US dollar. Advisory board member and former RBI governor Raghuram Rajan noted that stablecoins could soon play a key role in private payment systems.
-
Delhi, Bengaluru Led Crypto Adoption in India in 2024, Memecoins Garnered Attention: CoinSwitch
CoinSwitch’s report reveals that Shiba Inu, Dogecoin, and Pepecoin gained significant popularity in India. Additionally, it highlights that 75 percent of India’s crypto investors are under 35 years old.
-
Vishvasya Blockchain Stack Being Used to Verify Apps, Property Transactions: MoS IT
Jitin Prasada, the minister of state (MoS) for electronics and information technology (MeitY) has told the Rajya Sabha that states like Jharkhand and Karnataka were using the Vishvasya blockchain stack. Verification of property transactions and the origin of mobile apps are among areas where the stack is being used.
